Have HGO as my main play on copper. Last week was a red hammer, we are pretty much engulfing that right now, and today it broke the downtrend going back to the Jan high, which had 4 touches, a strong one. Check out the weekly and daily charts, today looks superb on copper, and everyone pretty much knows we have tiny stockpiles and growing demand for copper with China reopen and EV demand.
Their timing may be very lucky, it could be $4.80 to $5.50 USD when they start selling copper in Q1 2024. With 100% ofthe above ground proven infastructure just siting there, waiting for the switch to be turned on, quite the setup. https://www.hillgroveresources.com.au/uploads/downloads/479/Brisbane%20Conference%20Presentation.pdf
Cheers
Weekly candles on copper are superb, similar to November, AND just today broke 4 touch downtrend
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Last
8.2¢ |
Change
-0.002(2.38%) |
Mkt cap ! $171.6M | |||
| Open | High | Low | Value | Volume |
| 8.2¢ | 8.2¢ | 8.0¢ | $438.5K | 5.395M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 825696 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.2¢ | 148933 | 4 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
8.2¢ |
Change
-0.002 ( 1.20 %) |
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| Open | High | Low | Volume | ||
| 8.3¢ | 8.3¢ | 8.0¢ | 1662882 | ||
| Last updated 15.13pm 24/05/2024 ? | |||||
| HGO (ASX) Chart |